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Lithium-ion battery makers look to stimulate electric car production

Electric vehicle manufacturer Tesla Motors has decided it will no longer pursue lawsuits against anyone using its patented technology.

Chief executive Elon Musk explained on the company’s blog that Tesla cannot tackle the carbon crisis alone: ‘If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property land mines behind us to inhibit others, we are acting in a manner contrary to that goal.’

Currently, electric vehicle sales remain less than 1% of the market. Opening up the technology is expected to increase competition and bolster both the lithium-ion battery and electric vehicle markets as a whole.